22 West StreetLaconia, NH 03246MLS Number 5094019

  • Price: $590,000
  • Est. Mortgage of $/month
  • 1 Day on Market
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Federal 30-year interest rate: 6.48% last updated on Jun 4, 2026
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22 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 0324622 West Street Laconia NH 03246
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  • 0.47Acreage
  • 1920Year Built
  • 4,342Square Feet

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Listed by Keegan Rice of Badger Peabody & Smith Realty (Cell: 603-348-7261)
Turnkey 6-unit multifamily in the heart of Laconia's Lakes Region: two buildings on a 0.47-acre in-town lot, steps from Memorial Park and a short stroll to Lake Winnisquam. Extensively improved and meticulously maintained, with a new boiler, upgraded flooring, fresh paint, and renovated baths already done for the next owner. All units are currently occupied. The four-unit building offers two spacious 3-bedroom homes plus two 1-bedrooms; a separate two-unit cottage adds a 1-bed and a 2-bed. Unit mix: three 1BR, one 2BR, and two 3BR. Strong in-place numbers with real upside. Contract rents total $96,916/year against a recast NOI near $50,463, about an 8.55% cap at list price, with pro forma approaching 9.4% as rents stabilize. Four of six units are currently landlord-paid for heat, hot water, and electricity, offering a clear path to expense recovery and added income. Unbeatable location: walk to the ballfields, tennis, and open green space at Memorial Park, enjoy nearby lake access, and reach downtown Laconia's shops and dining in minutes. Central to Tilton, I-93, and the broader Lakes Region and its deep year-round and seasonal rental demand. On-site parking and storage shed included. A rare blend of condition, cash flow, and an excellent setting. Ideal for investors seeking stable income with built-in upside. Offering memorandum with financials and unit floor plans available. Property will be shown as a group, by appointment only beginning Saturday June 13th at noon and Sunday June 14th at noon.

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More Info

Tax Information

  • Tax Year2025

Building

  • Year Built1920
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units6
  • # of 1 Bedrooms3
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms2
  • BasementConcrete
  • FoundationConcrete, Stone

Amenities

  • Exterior AmenitiesCovered Porch, Shed
  • PricePerSqFt135.88

Other

  • Taxes$7,291
  • Seasonal Y/NNo
  • Date Listed06/11/2026

Basic Information

  • Virtual TourView Tour
  • StatusACT
  • List Price$590,000
  • Date Price Change06/10/2026
  • MLS Number5094019
  • MLS StatusActive

Interior

  • FloorsVinyl Plank

Exterior

  • RoofShingle

Utilities

  • Heat SystemOil
  • WaterPublic
  • Electric200+ Amp Service
  • SewerPublic
  • UtilitiesCable

Location

  • TownLaconia
  • StateNH
  • Zip03246
  • CountyBelknap
  • ZoningRG
  • Address22 West Street
  • Flood Zone Y/NNo

Property

  • Acreage0.47
  • GarageNo
  • Parking Spaces
  • Lot DescriptionCorner, Neighborhood, Near School(s)
  • Lot34
  • Square Feet4,342
  • APX Fin AG Sqft4,342
  • Road Frontage293
  • RoadsPublic, Public Maintained Road
  • AreaNH-Belknap

Your Local Office

Lake Farm Realty

Lake Farm Realty

164 Main Street,
PO Box 265,
Andover, NH 03216
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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 11, 2026 8:24 AM UTC

 

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